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Savara Inc. (SVRA) pared a loss and ticked higher by 0.2% amid takeover speculation.
There’s speculation that Savara may have attracted takeover interest, according to traders, who cited a Betaville “uncooked” alert that was circulating on Tuesday. The identity of the potential buyer wasn’t known.
Shares of Savara (SVRA) have risen more than 80% this year. The biotech has a market cap of $1.4 billion.
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